Class 11 Accounts Chapter 3 | Theory Base of Accounting Full Chapter & NCERT Solutions

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✅ In this video,

✔️ Class: 11
✔️ Subject: Accounts
✔️ Chapter: Theory Base of Accounting
✔️ Topic Name: Theory Base of Accounting Full Chapter & NCERT Solutions
✔️ Topics Covered in This Video: Full Chapter Explanation & NCERT Solutions of Class 11 Accounts Chapter 3 Theory Base of Accounting
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00:00 Introduction: Theory Base of Accounting Full Chapter & NCERT Solutions
01:02 Meaning of Accounting Principle
05:35 Necessity of Accounting Principle
06:07 Feature of Accounting Principle
08:41 Meaning and Nature of Accounting Principle
11:50 Fundamental Accounting Assumptions or Concepts
13:14 Fundamental Accounting Assumptions
33:02 Accounting Principles (Others)
01:11:27 Accounting Standards
01:16:45 Utility of Accounting Standards
01:19:35 Limitations of Accounting Standards
01:21:15 Problem
01:36:15 Question 1 to 10: Multiple Choice Question (MCQs)
(i) According to the Business Entity Concept
01:47:06 Question 11 to 20: Multiple Choice Question (MCQs)
(xi) During the life-time of an entity, accounting produces financial statements in accordance with which of the following accounting concept?
01:59:53 Question 1 to 10: Higher Order Thinking Skills (HOTS) Questions: Accounts
Question. 1 Rahul, the proprietor of M/s. R.K. & Co. purchased an air-conditioner and installed it at his residence.
02:19:43 Question 11 to 18: Higher Order Thinking Skills (HOTS) Questions: Accounts
Question 13. An enterprise prepares its accounts under the accrual basis. Salaries amounting to 10,000 for the month of March, 2019 were not paid.
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